Form 4: Director Thomas Shafer Receives FirstSun Equity in Merger

Director Thomas C. Shafer acquired 80,415 shares of FirstSun Capital Bancorp common stock following the merger with First Foundation Inc.

Summary

• Director Thomas C. Shafer acquired 80,415 shares of FirstSun Capital Bancorp common stock on April 1, 2026.
• The acquisition resulted from the conversion of 500,000 unvested restricted stock units (RSUs) previously held in First Foundation Inc.
• The conversion was executed at an exchange ratio of 0.16083 shares of FirstSun common stock for each share of First Foundation common stock.
• Following the transaction, the reporting person holds 80,415 shares directly and 7,105 shares indirectly through the Thomas C. Shafer Revocable Living Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing documenting the conversion of equity awards following a previously announced merger.

Positives

• Alignment of interests between the director and the company post-merger.
• Successful completion of the RSU conversion process as part of the merger integration.

Negatives

• None identified in this filing.

Risks

• Integration risks associated with the merger of First Foundation Inc. into FirstSun Capital Bancorp.

Future Outlook

The filing does not provide forward-looking guidance, as it is a disclosure of a change in beneficial ownership.

Industry Context

StockSavvy.ai notes that this filing reflects standard post-merger equity conversion procedures common in the banking sector, ensuring that legacy management and board incentives are aligned with the newly combined entity.

Comparison to Industry Standards

• The conversion of unvested equity awards in a merger is consistent with standard corporate governance practices in the U.S. financial services industry.
• The exchange ratio methodology aligns with typical M&A valuation adjustments seen in regional bank consolidations.

Stakeholder Impact

• Shareholders may view the conversion as a standard step in the merger process, confirming the transition of legacy equity interests.

Next Steps

• Continued integration of First Foundation Inc. operations into FirstSun Capital Bancorp.

Key Dates

Keywords

FirstSun Capital Bancorp, FSUN, Form 4, Insider Transaction, Merger, Restricted Stock Units